Triplex with Detached
For Sale
$409,900
1437 Minnehaha Avenue W, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size2,568 SF
Lot Size0.14 Acres
Price / SF$159.62
Days on Market50
Property Features for 1437 Minnehaha Avenue W
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Basement, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Garage - Detached
Patio and Porch features
Deck
Subdivision
Sweitzers Add
Lot features
Public Transit (w/in 6 blks)
High school district
St. Paul
Directions
Snelling to Minnehaha Ave. East to home.
Standard status
Active
APN
272923340132
Size
2,568 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7152
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1919
Roof type
Shingle
Listing Agency:
Bridge Realty, LLC
Listed By:
Adam Alexander
(952) 368-0021
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 7 at 8:06PM
MLS# 7116470
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,568-square-foot triplex contains three units: two with 2 bedrooms and 1 bathroom each, and one with 1 bedroom and 1 bathroom. The lower unit has a basement, and the property includes a detached one-stall garage and a deck. Built in 1919, the building has hot-water heating and a shingle roof.
The property is at 1437 Minnehaha Avenue W in Saint Paul, near Hamline University and Allianz Field. Green Line light rail, A Line BRT, I-94, downtown St. Paul, and Minneapolis are accessible from the area.
The property is at 1437 Minnehaha Avenue W in Saint Paul, near Hamline University and Allianz Field. Green Line light rail, A Line BRT, I-94, downtown St. Paul, and Minneapolis are accessible from the area.
Key Highlights
- Three units with a 2/1, 2/1, and 1/1 bedroom‑bathroom mix
- 2,568 square feet on a 0.14‑acre lot
- Detached one‑stall garage and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,520
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,400
$750.4K
Cap Rate 7%
$536,000
$536.0K
Cap Rate 9%
$416,889
$416.9K
Market Conditions
NOI Build-Up for 2,568 SF
Gross rent
$57.0K $22.20/SF
− Vacancy
−$3.4K −$1.33/SF
EGI
$53.6K $20.87/SF
− OpEx
−$16.1K −$6.26/SF
NOI
$37.5K $14.61/SF
Area
Ramsey County, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,400
Cap Rate 7%
$536,000
Cap Rate 9%
$416,889
Alternative Uses
Best Use
Multifamily LT 5
$536.0K
$469.0K – $625.3K
NOI $37,520 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$492.3K
$430.8K – $574.4K
NOI $34,462 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$612.7K
$536.1K – $714.8K
NOI $42,887 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three rental units offer a mix of two- and one-bedroom layouts, with a detached garage and deck.
Where is this triplex located?
The property is located at 1437 Minnehaha Avenue W Saint Paul, MN.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Three units with a 2/1, 2/1, and 1/1 bedroom‑bathroom mix; 2,568 square feet on a 0.14‑acre lot; Detached one‑stall garage and deck
